2020 is the year that the chickens finally come home to roost for Shell. It can evade justice no more. It has run out of places to hide.
Later this year, OPEC will mark its 60th birthday. Former OCI staff member Greg Muttitt has contributed a chapter to an important new book on OPEC’s history and future. In a guest blog based on his chapter, he argues we need to think about OPEC less simplistically, and suggests a role for OPEC in tackling climate change by restricting its supply of oil.
OPEC, the bogeyman
OPEC doesn’t have many friends among the climate movement. Perhaps climate advocates remember the organisation’s anti-climate stance in the 1990s. For example, in 1995, OPEC and the US jointly blocked the start of negotiations that would
Canada may be helping put out the flames in Australia, but back home Trudeau is setting light to our climate.
According to the Financial Times "Around $900bn – or one-third of the current value of big oil and gas companies – would evaporate if governments more aggressively attempted to restrict the rise in temperatures to 1.5C above pre-industrial levels for the rest of this century.”